Fiberweb chief exec trims stake

Daniel Dayan, chief executive of Fiberweb, has sold £455,000 worth of shares in the fabrics group.Dayan sold 700,000 ordinary shares at a price of 65p each. He now owns 900,394 shares, or 0.74%, in the company.Last month, Fiberweb announced it slipped into losses of £13m in the half year to June as revenues dropped, though the firm added that there are some signs the market is now stabilising. Revenues fell by 6.8% to £242.5m reflecting the impact of both the pass-through effect of lower raw material prices and lower volumes. Top Director BuysImpellam Group (IPEL) Director name: Ms Cheryl JonesAmount purchased: 900,000 @ 30.00p Value: £270,000Top Director SellsSpice (SPI) Director name: Mr Oliver LightowlersAmount sold: 2,400,000 @ 71.00p Value: £1,704,000Amec (AMEC) Director name: Mr Neil BruceAmount sold: 123,012 @ 738.50p Value: £908,444Fiberweb (FWEB) Director name: Mr Daniel DayanAmount sold: 700,000 @ 65.00p Value: £455,000Abbey Protection (ABB) Director name: Mr Chris WardAmount sold: 591,222 @ 65.40p Value: £386,659Euromoney Institutional Investor (ERM) Director name: Sir Sir Patrick John Rushton SergeantAmount sold: 40,379 @ 264.10p Value: £106,641Energy XXI (Bermuda) (Reg S) (EXXS) Director name: Mr Steven Albert WeyelAmount sold: 100,000 @ $1.00 Value: $100,000 Spire Healthcare